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Modeling Monetary Economies
by Bruce Champ, Scott Freeman
from Cambridge University Press
Customer Reviews:
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Avg. Customer Rating: 4.5 / 5.0 
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Beautiful; economics as it should be written 
Economists have a responsiblity to communicate as simply as possible. Too often complex mathematics are an egotistic tool of the economist that merely frustrates the reader. Champ and Freeman's Modeling Monetary Economies is a wonderful volume that explains tough issues in monetary economics by building upon Wallace and Bryant's overlapping generations (OLG) model.The OLG framework is a very simple framework that has its limitations, yet it is a powerful explanatory device. Champ and Freeman apply it to... more info
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A thoughtful introduction to mathematical economics
This book is an example of how mathematics is intelligently used in economics, and the understanding of the latter is thereby enhanced. Only basic algebra is used, yet the authors are able to make non-trivial explanation about economic phenomena, from why money must exist to inflation to payment system. The text is mathematical and abstract, but as I read it, my frame of mind remains firmly that of an economist, and not of a mathematician (which is as it should be). The text is carefully written, flowing... more info
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Academic, organized, and extremely concise 
This book is a very good introduction to quantative monetary theories. Readers with science or engineering background can especially benefit from authors' concise mathematical expressions. It gives a clear and academic view about fundamental theories, so don't expect to see a lot of economical data or "stories".
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